Thailand’s economy has survived many coups in recent decades, but Thursday’s military takeover may be different, experts say, noting that the country's extremely polarized leadership plus the tenuous state of the nation's fiscal affairs make a quick rebound unlikely.

May 22, 2014 9:05 PM

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“There’s a pernicious long-term effect in that the economy could be better but all of this infighting is undermining it,” Josh Kurlantzick, senior fellow for Southeast Asia at the Council on Foreign Relations, said.

Though markets dipped slightly when the military announced martial law on Monday, they soon recovered. In fact, in the short term the relative stability arising from a military coup could be a boon to the volitility that has plagued the country for months. After a 2006 coup, the benchmark SET (Stock...